CTAS - Cintas Is A Good Long Term Holding Thanks To Organic Growth: Analyst | Benzinga
Stifel analyst Shlomo H. Rosenbaum reiterated the Hold rating on Cintas Corporation (NASDAQ: CTAS), raising the price target to $526 from $521.
CTAS reported first-quarter FY24 revenue growth of 8% year-on-year to $2.34 billion, meeting the analyst consensus estimate. The organic revenue growth rate, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.1% for the quarter.
The analyst views the earnings report as solid. CTAS is typically a "beat and raise" stock, and investors have come to expect a beat and a raise in ...